AAR Update | Allocation of expenses by Head Office as supply
In reference to our trailing update on the referred issue, we wish to update you that the Government has issued Notification No. 08/2019-Customs dated March 25, 2019 amending relevant Customs Notifications.
In light of above, the amended Notifications allow exemption from payment of Integrated Goods and Services Tax and Compensation Cess till March 31, 2020 for the following schemes:
- Advance Authorisation scheme;
- Export Oriented Unit scheme; and
- Export Promotion Capital Goods scheme